Intel agrees to sell storage unit to SK Hynix for US$9 billion as US chip maker focuses on core processor business

//Intel agrees to sell storage unit to SK Hynix for US$9 billion as US chip maker focuses on core processor business

Intel agrees to sell storage unit to SK Hynix for US$9 billion as US chip maker focuses on core processor business

Intel Corp. agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for about US$9 billion, part of a broader effort by the US chip maker to concentrate on its main business.The Asian company will pay 10.3 trillion won for the Intel unit, which makes flash memory components for computers and other devices. The acquisition, which will take place in stages through 2025, includes Intel’s solid-state drive, Nand flash and wafer businesses, as well as a production facility in the…

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By | 2020-10-20T01:46:42+00:00 October 20th, 2020|Technology|Comments Off on Intel agrees to sell storage unit to SK Hynix for US$9 billion as US chip maker focuses on core processor business